News Summary

• Hiro offered AI-powered financial planning for consumers.
• Users entered financial information like salary, debts, and monthly costs and the app modeled different what-if scenarios to help them make financial decisions.
• The startup was backed by A-list fintech VC firm Ribbit, as well as General Catalyst and Restive.Terms of the acquisition were not disclosed, nor did Hiro ever disclose how much money it raised.
• Since Hiro said it will be shutting down its operations on April 20 and deleting all data from its servers on May 13, we’re going to call this an acqui-hire.